Lagos State Governor Babatunde Fashola yesterday said his administration would redevelop the 59-year-old Sabo-Onike Industrial Estate with the provision of Independent Power Plant, IPP, to increase productivity.
The governor said it was part of efforts to rejuvenate the manufacturing sector in the state. Fashola made the promise when he visited the estate to assess the state of the industrial estate. He said the state would do all it could to provide the power plant and address other challenges confronting the estate.
The governor added that the state would revive the estate in order to create employment for teeming Nigerians.
He said: "It is possible to create steady power supply here, which is the problem faced by some of the manufacturers we spoke with. They are doing business, they are producing, but they could only do so with cheaper power.
"We have done something like this in Isolo where we put a very big power unit and provided meters for all of the people. So, their cost of production has come down significantly and they are happier. So, that is one solution. We are looking at our IPP, we are commissioning big generator
. One big generator can come here and serve the whole estate." Fashola said those whose businesses had outgrown the place would have to be relocated, adding that state government would go and plan on the way forward for the estate.
